1920-S $20 MS(PCGS#9171)

February 2020 Pre-Long Beach U.S. & World Coin Auction #115

Auktionator

Goldberg Auctioneers

Losnummer

1714

Erhaltungsgrad

MS62

Preis

54.000

Losbeschreibung

Lot 1714 1920-S. PCGS graded MS-62.This is one of the rarest and most popular key date issues of the Saint-Gaudens double eagles. Only a modest number are believed to have survived the great and mass meltings of the FDR administration when gold was called in from circulation in March of 1933. With the unimaginable costs of the new social programs adopted by the Roosevelt administration (1933), the inflation needed to sneak these through the public required a "temporary" farewell to the golden anchor that reflects the true cost of such folly. Apparently most of the orignal mintage of 1920-S double eagles were tied up in Treasury vaults and never had a chance to circulate. Thankfully for collectors today, about a gross of these coins did escape, many in high grade but precious few when one considers how many were struck. Today only 100 to 150 examples estimated to have survived by PCGS Pop Report and this one is nice and frosty. The vast majority never entered circulation but instead were shipped off to Fort Knox to be re-cast into bars awaiting their next fate. Pop 18; 31 finer at PCGS.(PCGS # 9171) Value $50,000 - 55,000